EUR/HUF

EUR/HUF

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EURO / HUNGARIAN FORINT TRADING

Euro Hungarian Forint traded at 353.500 this Tuesday, February 8th, increasing 0.729 or 0.21 per cent since the previous trading session. Looking back, EURHUF changed -1.35 per cent over the last four weeks and -1.37 per cent over the last 12 months. Looking ahead, we forecast Euro Hungarian Forint to be priced at 355.533 by the end of this quarter and at 359.245 in one year, according to Trading Economics global macro models projections and analysts expectations.

History of the Euro

After about 10 years of preparations, the euro was initiated on 1 January 1999: for the first three years it was an 'invisible' currency, only utilised for accounting purposes and electronic payments. Small change and banknotes were launched on 1 January 2002, and in 12 EU countries, the biggest cash changeover in history took place.

History of the HUNGARIAN FORINT

In 1946, Hungary's monetary unit, the forint, was adopted. Following WWII, the country began paying its obligations by printing money, resulting in enormous inflation. The pengö was the forint's precursor, and it was replaced at a rate of 400 quintillion pengö to one forint.

EUR/HUF Forex Chart
Instrument: EUR/HUF
Spread: floating
Hebel-Effekt: 1:20
Marge: 5.00%
Minimum Nominal Trade Size: 1000
Overnight Interest (daily) Sell: -79,36%
Overnight Interest (daily) Buy: -14.5%
Trading Hours (GMT): 24/5
MT5 / MT4 Symbol: EUR/HUF

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EUR/HUF Trading FAQs

In 1946, Hungary introduced the Forint as its monetary unit. After World War II, the country began printing money to pay its debts, which resulted in a massive increase in the price of goods. Its predecessor, the pengö, was replaced at a rate of 400 quintillion pengös to 1 forint.

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